Capital Trade

Author: Adams Igahlo

COVID-19 has introduced a lot of uncertainty into macroeconomic projections. A successful vaccine could, in theory, bring oil demand back up to 2019 levels in short order. With many countries in the grip of a second wave, however, this seems to be far from a certainty. Even so, there is still a case for oil production for many years yet. While we are travelling less, we are still shipping large amounts of goods, and right now, there are not many viable long-haul alternatives to burning oil-derived fuel.
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